Portnoy Law Firm Announces Class Action on Behalf of SelectQuote, Inc. Investors

Core Viewpoint - SelectQuote, Inc. is facing a class action lawsuit due to allegations of receiving illegal kickbacks from health insurance companies, which has led to a significant drop in its stock price [3]. Group 1: Legal Issues - The U.S. Department of Justice filed a False Claims Act complaint against SelectQuote, alleging that from 2016 to at least 2021, the company received "tens of millions of dollars" in illegal kickbacks [3]. - The complaint states that SelectQuote conspired with major insurers to discriminate against less profitable beneficiaries, including those with disabilities [3]. - SelectQuote's claims of providing "unbiased coverage comparisons" were deemed materially false, as the company directed Medicare beneficiaries to plans that paid them the most money [3]. Group 2: Financial Impact - Following the DOJ's announcement, SelectQuote's stock price fell by $0.61 per share, representing a 19.24% decrease, closing at $2.56 per share on May 1, 2025 [3]. Group 3: Investor Actions - The Portnoy Law Firm is advising investors who purchased SelectQuote securities between September 9, 2020, and May 1, 2025, to file a lead plaintiff motion by October 10, 2025 [1]. - Investors are encouraged to contact the Portnoy Law Firm for a complimentary case evaluation and to discuss options for pursuing claims [2].